Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week. Berkshire Hathaway has been

Warren Buffett's approach to picking stocks may seem antiquated. Nevertheless, it works. That is to say, given enough time, Buffett's Berkshire Hathaway reliably outperforms the broader market. This isn't apt to change in the foreseeable future, either.

Bank of America’s stock has bounced nicely over the past few weeks, but it still has a long way to go before recovering what it has lost since Warren Buffett’s Berkshire Hathaway started selling.

Warren Buffett sold $982 million of Bank of America shares, reducing Berkshire Hathaway’s stake by 13% since July.

Billionaire investor Warren Buffett’s Berkshire Hathaway sold nearly $1 billion worth of Bank of America shares as his firm continues to cut its stake in the second-largest US lender. The conglomerate sold about 24.